UPS orders 8 747-400Fs!

[BoilerUP]

Reported on AirUPSers.com...

UPS is buying eight new production 747-400 freighters to use on long-haul international routes. The aircraft will be used to “upsize” current MD-11 routes where there is a need for more capacity.

The -400 freighter has the capacity to carry a structural payload of 250,000 pounds with a range of 4,400 nautical miles.

The financial terms of the deal were not disclosed. The first aircraft is scheduled for delivery in June, 2007. In the attached video, Flight District Manager Rick Barr discusses the purchase and what it means for the future of the airline’s “classic” 747s.

 

[flybrowntails]

airupsers.com????

boilerup, come on. really come on. i have seen it listed other places but using airupsers...come on.

(what are you reading that for--

fbt

 

[On Your Six]

Reported on AirUPSers.com...

UPS is buying eight new production 747-400 freighters to use on long-haul international routes. The aircraft will be used to “upsize” current MD-11 routes where there is a need for more capacity.

The -400 freighter has the capacity to carry a structural payload of 250,000 pounds with a range of 4,400 nautical miles.

The financial terms of the deal were not disclosed. The first aircraft is scheduled for delivery in June, 2007. In the attached video, Flight District Manager Rick Barr discusses the purchase and what it means for the future of the airline’s “classic” 747s.

Don't leave us hanging here.... What does it mean for the Classic 747s? Will they be swapped out? How will this impact hiring?

Great news for you guys - a great stepping stone to the A380...

 

[V-STALL]

LOUISVILLE, Ky.--(BUSINESS WIRE)--Aug. 17, 2005--As part of its on-going
> effort to accommodate strong international volume growth, UPS (NYSE:UPS -
> News) today announced a firm order for eight new Boeing 747-400 freighters
> from Boeing Co.
> ADVERTISEMENT
>
>
>
> Terms of the deal were not disclosed.
>
> Deliveries of the 747-400's will begin in June 2007 and run through 2008.
> UPS has selected General Electric to provide engines for the new aircraft.
>
> "These Boeing 747-400 freighters will allow UPS to smoothly increase
> capacity on its most important international 'trunk' routes connecting
> Asia, Europe and North America," said Bob Lekites, UPS vice president of
> airline and international operations.
>
> UPS today relies on the Boeing MD-11 freighter as its primary
> international workhorse. UPS has 20 of those planes and another eight on
> order. The new 747-400 aircraft, which can handle a larger payload than
> the MD-11, will be used to "upsize" MD-11 routes as international volume
> grows.
>
> In its most recent second quarter, UPS's export volume grew an impressive
> 18.2%, led by Asia export volume gains of 39.5%. China again drove Asia
> with export volume rising 99%.
>
> The Boeing 747-400 freighter has the capacity to carry a structural
> payload of 250,000 pounds with a range of 4,400 nautical miles.
>
> UPS is the world's largest package delivery company and a global leader in
> supply chain services, offering an extensive range of options for
> synchronizing the movement of goods, information, and funds. Headquartered
> in Atlanta, UPS serves more than 200 countries and territories worldwide.
> UPS stock trades on the New York Stock Exchange (UPS) and the company can
> be found on the Web at UPS.com.
>
> Except for historical information contained herein, the statements made in
> this release constitute forward-looking statements within the meaning of
> Section 27A of the Securities Act of 1933 and Section 21E of the
> Securities Exchange Act of 1934. Such forward-looking statements,
> including statements regarding the intent, belief or current expectations
> of UPS and its management regarding the company's strategic directions,
> prospects and future results, involve certain risks and uncertainties.
> Certain factors may cause actual results to differ materially from those
> contained in the forward-looking statements, including economic and other
> conditions in the markets in which we operate, governmental regulations,
> our competitive environment, strikes, work stoppages and slowdowns,
> increases in aviation and motor fuel prices, cyclical and seasonal
> fluctuations in our operating results, and other risks discussed in the
> company's Form 10-K and other filings with the Securities and Exchange
> Commission, which discussions are incorporated herein by reference.
>
>
>

 

[V-STALL]

bizjournals.com
UPS selects new planes from Boeing
Wednesday August 17, 9:31 am ET

United Parcel Service Inc. has ordered eight new Boeing 747-400 freighters from Boeing Co. to help accommodate strong international volume growth.

Terms of the deal were not disclosed. UPS also has hired Fairfield, Conn.-based General Electric Co. (NYSE: GE - News) to provide engines for the new aircraft.

Chicago-based Boeing (NYSE: BA - News) will deliver the 747-400s to Atlanta-based UPS (NYSE: UPS - News) from June 2007 through 2008. The Boeing 747-400 freighter has the capacity to carry a structural payload of 250,000 pounds with a range of 4,400 nautical miles.

"These Boeing 747-400 freighters will allow UPS to smoothly increase capacity on its most important international 'trunk' routes connecting Asia, Europe and North America," said Bob Lekites, UPS vice president of airline and international operations.

The Boeing MD-11 freighter is UPS' primary international workhorse. UPS has 20 of those planes and another eight on order. The new 747-400 aircraft, which can handle a larger payload than the MD-11, will be used to "upsize" MD-11 routes as international volume grows.

UPS credited double-digit export volume gains in every international region and an increase of 387,000 packages per day in the United States for its 20 percent profit growth in the second quarter. It posted net income of $986 million in the second quarter, as U.S. domestic package revenue grew 5.7 percent to $6.94 billion on 3.2 percent volume growth and international package revenue increased 22.7 percent to $2 billion.

Published August 17, 2005 by the Atlanta Business Chronicle</I>

 

[TAZ MAN]

After reviewing the pay rate that UPS pays for the 747 it occurred to me that while many are after the Jet Blue guys on their pay rates for the E190, why haven't the same people hammered the UPS folks for flying 101 heavy jets at narrow body rates?

 

[EMBPILOT1]

Because that is the way it is. Why does UPS pay wide body rates to fly the 727? Have you ever thought of that?

 

[TAZ MAN]

Because that is the way it is. Why does UPS pay wide body rates to fly the 727? Have you ever thought of that?

Because they don't. SWA pays about $192 or so for 12 yr captains starting Sept. 1st.

 

[bobs98tlr]

Plus the pilots have a new contract in the works, IIRC?

 

[TAZ MAN]

Plus the pilots have a new contract in the works, IIRC?

Now that can certainly make a difference.

But if you were to compare these pay rates to the rates prior to the legacy slide they would seem rather low. But of course that was prior to the popularity of this forum so no one really had a chance to come after them.

 

[JohnnyCash]

taz:

you are correct in that one of the issues that needs correcting is the article of compensation here at ups.

i think and could be wrong brown is a pretty good place to hang my hat.

please feel free to point out every other item you are not happy with on our expired/current contract and i will try my best to pass it along to the neg. team.

johnny

 

[TAZ MAN]

taz:

you are correct in that one of the issues that needs correcting is the article of compensation here at ups.

i think and could be wrong brown is a pretty good place to hang my hat.

please feel free to point out every other item you are not happy with on our expired/current contract and i will try my best to pass it along to the neg. team.

johnny

you are correct in that one of the issues that needs correcting is the article of compensation here at ups.

I never said that. I was just making an observation.

i think and could be wrong brown is a pretty good place to hang my hat.

I agree. One of the best.

please feel free to point out every other item you are not happy with on our expired/current contract and i will try my best to pass it along to the neg. team.

You missed my point. I'll repeat my first post. Try not to get defensive so quick Johnny.

"After reviewing the pay rate that UPS pays for the 747 it occurred to me that while many are after the Jet Blue guys on their pay rates for the E190, why haven't the same people hammered the UPS folks for flying 101 heavy jets at narrow body rates?"

 

[LarryinTN]

After reviewing the pay rate that UPS pays for the 747 it occurred to me that while many are after the Jet Blue guys on their pay rates for the E190, why haven't the same people hammered the UPS folks for flying 101 heavy jets at narrow body rates?

Looking at the hourly rate alone does not give the full picture. UPS' monthly guarentee works out to 81.25 hours and they can certainly earn more than that with their rigs. Compare their W2's and you'll get a better idea of where they stand. That thread for 2004 pay is probably around here somewhere. I think there were a number of UPS guys who contributed to it.

Their guys made a decision long ago to stick with one pay rate per seat. The result is that the smaller airplane guys are "overpaid" and the biggest airplane guys are "underpaid" in relation to other airlines. The advantage for them is that they make more money sooner and there is no incentive to constantly upgrade to bigger airplanes to bump up the paycheck. You pick the airplane you like, that goes where you want to go, and you can stay there.

 

[TAZ MAN]

Looking at the hourly rate alone does not give the full picture. UPS' monthly guarentee works out to 81.25 hours and they can certainly earn more than that with their rigs. Compare their W2's and you'll get a better idea of where they stand. That thread for 2004 pay is probably around here somewhere. I think there were a number of UPS guys who contributed to it.

Their guys made a decision long ago to stick with one pay rate per seat. The result is that the smaller airplane guys are "overpaid" and the biggest airplane guys are "underpaid" in relation to other airlines. The advantage for them is that they make more money sooner and there is no incentive to constantly upgrade to bigger airplanes to bump up the paycheck. You pick the airplane you like, that goes where you want to go, and you can stay there.

I can appreciate that. But it stil doesn't change the fact that relative to the industry their heavy rates have been pretty low.

 

[Clyde]

I can appreciate that. But it stil doesn't change the fact that relative to the industry their heavy rates have been pretty low.

Those rates are also based on a contract that was ratified in 1998, when the airline was barely 10 years old. How many 10 year old cargo airlines can you think of where a 5th year FO is making $97.00 ($104.00 intl) per hour and a 12th year captain is making $190.00 per hour? Look for these rates to go up even higher when our negotiations are complete.

Also, how many airlines provide FREE uniforms for their pilots throughout their entire career, providing FREE uniform pieces every year? How many airlines provide FREE suitcases and brain-bags to their pilots throughout their entire career? That is about $4000.00 right away that I did not have to pay. And, they pay for your hotel as a newhire, FREE from day one through completion of your line check.

Not to mention, an A-fund, B-fund, and 401k.

When you say relative to the industry, are you also comparing us to PAX carriers too?

 

[ILStoMinimums]

Is UPS not going to get 747-400's converted from PAX ops?

 

[EMBPILOT1]

Amen!! When you come to UPS, you do it knowing that you will make as much flying a 747 as a 727. I like it! If you want to feel special and get a huge paycheck flying a 747, don't apply here. I would also like to add that after the contract is done, a 747 captain at UPS will be the highest paid in the industry.


And no from above, they will all be new from the factory.

 

[LittleLearBoy]

I have to say I like the part with pay. To me you bid for you life style, not how much money you'll make on the plane you fly. And if you want to compare LOW rates, You should see what an F/O on a 767 international at my company is getting. And all we have is 75/76s with no pay difference between the two. Well, we do have a pay difference, we are really low!! Pay for uniforms, bags! WOW, I never new somebody was nice enough to do that. We had to pay for 50% for our set of uniforms, and 100% after that.

Splash, splash, just swimming around the old UPS pool.
LLB

 

[capt. megadeth]

Now that can certainly make a difference.

But if you were to compare these pay rates to the rates prior to the legacy slide they would seem rather low. But of course that was prior to the popularity of this forum so no one really had a chance to come after them.

Can you give the management at UPS a call and tell them that?

 

[LarryinTN]

I can appreciate that. But it stil doesn't change the fact that relative to the industry their heavy rates have been pretty low.

If their W2 is higher than those with higher hourly rates at year's end, who cares?